5 Rules of Crypto Trader: How to Trade Bitcoin
23 November 2017
23 November 2017
On the back of rapid growth of interest in cryptocurrencies, many people want to try their hand at crypto trading. But it happens that many of them do not know the rules of smart trading and face losses in the early stages.
Therefore, we present 5 rules for trading Bitcoin and other digital currencies, which will help traders to avoid fails on the crypto exchange.
Crypto trading is not worth investing all your savings or taking additional loans. To play on the stock exchange with calm and confidence using the last money will not be beneficial. This would rather lead to ill-considered decisions and losses. In addition, you should always have fiat money. After all, in case of the cryptocurrency rate fall, you should have funds to pay off.
A lot of Bitcoin traders turned out to be on the chopping bloc because of unjustified risks. For example, if you couldn’t buy digital currency before the growth of its value, then you don’t need to rush and buy coins with an extra charge. Usually, after the price rises, there is a price correction, which can be used to buy the asset beneficially.
On the stock exchange, you should do everything vice versa. It is better to buy coins before they will grow in price, and sell them during such a growth.
Often crypto trading beginners visit various forums and chats, where learn basics of ‘smart’ buying/selling process. However, in the stock exchange chats, opinions and forecasts are often formed on the basis of users own hopes.
There are also separate communities created in order to mislead such newcomers to pump or dump the cryptocurrency. Therefore, it is necessary to think critically and analyze information independently.
Being a beginner in crypto trading, it is better to fix profits at the level of ‘above average’, then you can always have time to sell bitcoins profitably. The rate is controlled by so-called manipulators, who have large assets and can regulate the coin value within 15-50 minutes of active trading. Often, they are a source of panic among the beginners.
After the first profitable trade, many beginners think that they already know how the system works. However, the digital currency trading is a whole science, based on a combination of technical and fundamental knowledge. It is important to always learn and keep abreast of the latest news of the crypto industry. Therefore, it is also necessary to pay attention to:
December 7, 2017
St George`S Bay, St Julians
Malta will become the hub of the fintech industry in Europe!
Three intensive conference sections:
• Blockchain solutions in practice
• ICO trends
• Panel discussion: Legal and Regulatory Challenges in Blockchain
Our participants are entrepreneurs and experts in legislation, blockchain developers, investors, startup founders, bitcoin enthusiasts, financial specialists and bankers, lawyers, representatives of payment systems.
Why you should attend:
• 20 Top-notch Speakers and many industry experts;
• extensive business program of the Conference;
• 3 intensive conference sections;
• best well-known Sponsors;
• more than 16 outstanding Exhibitors
We will be glad to see everyone at Blockchain & Bitcoin Conference Malta 2017!
Meet new speakers and key news of the conference